August inflation down to 1.8%

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Headline inflation decelerated to 1.8 percent in August from 1.9 percent in July, the data the Philippine Statistics Authority (PSA) released on Tuesday showed.

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However, it was notably higher than 0.6 percent registered in August 2015.

The decline this August is attributed to slower annual increases in food and non-alcoholic beverages, and recreation and culture.

Core inflation, on the contrary, accelerated to 2 percent in August this year compared with1.9 percent the previous month and 1.6 percent a year earlier.

MAYVELIN U. CARABALLO

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